Published
1 year ago on
May 20, 2022
The worldwide cryptocurrency market is worth approximately $3 billion, and by 2030, it is expected to be valued at $4.94 billion. As the virtual currency world expands by the day, there is an increasing need for more efficient financial systems within the crypto universe.
With Defi’s ability to eliminate influences and intermediaries between trade participants, it appears to be the future of the crypto ecosystem. The question now is what are the best Defi tokens to invest in?
In recent months, Decentraland (MANA) and Theta Network (THETA) ecosystems are taking over, with millions already made, and new alliances being announced on a daily basis. Simultaneously, Logarithmic Finance (LOG), the newest DeFi platform, is fast gaining popularity within the crypto world.
Here’s what you need to know about these three cryptocurrency tokens and how investing in them offers you risk-free profits.
The Decentraland (MANA)
Decentraland (MANA) is a virtual reality network based on the Ethereum blockchain that enables users to create, play, and monetise content and apps.
The Decentraland (MANA) allows users to buy virtual pieces of land on the platform –making it a shared Metaverse. A Metaverse is a shared virtual world where people can communicate, trade, learn, and play. Decentraland is a decentralised world where people can explore LAND they own, interact with landscapes and structures, trade virtual assets, and network.
According to the project's whitepaper, LAND is a limited and transferable 3D virtual place that may be purchased and permanently held by people. Here is where it gets interesting; you have full control over your virtual environment, thanks to the platform being a DAO (decentralised autonomous organisation). This means you set the ground rules that regulate how your environment operates, such as the physical features of your virtual character and some structural elements of the virtual world.
MANA token is the currency used for exchange within Decentraland. Decentraland (MANA) has several investors including Broslyn Capital and Digital Currency Group.
Theta Network (THETA)
Theta Network (THETA) is a blockchain-based network that was created specifically for video streaming. Theta mainnet, which went live in March 2019, is a decentralised network where users exchange bandwidth.
THETA, Theta's native cryptocurrency token, was launched in 2017. It was created to shake up the video streaming market, primarily to address issues like centralisation, poor infrastructure, and excessive expenses, which result in customers having a difficult experience.
As opposed to other platforms, Theta allows users to benefit from higher-quality streaming services and permits content creators to make more money. In addition, the video platforms save money on infrastructure while still earning from advertising and subscription income.
Theta Network (THETA) auditors include Google, Binance, Blockchain Ventures, Sony Europe, and Samsung, as well as a Guardian network of thousands of community-run guardian nodes.
Logarithmic Finance (LOG)
Logarithmic Finance (LOG) is a DeFi protocol that aims to bridge the gap between blockchain projects and investors by utilising a combination of DeFi and Web 3.0 technology. It is currently only available on presale.
